Perfect Products Provided the Following Selected Information About Its Consumer $\begin{array}{llr} \text {Desired ROI } &14\%\\ \text {Net income } &\$220,000\\ \text { Residual income } &\$15,000\end{array}$

Short Answer

Perfect Products provided the following selected information about its consumer products division for the current year:
$\begin{array}{llr} \text {Desired ROI } &14\%\\ \text {Net income } &\$220,000\\ \text { Residual income } &\$15,000\end{array}$
Required:Based on this information, calculate the company's investment amount. Round your answer to the nearest dollar.